Reliance Industries shares were continuously moving between gains and losses. At 11 AM, RIL shares were trading 0.14 per cent up at Rs 2,318 apiece, as compared to a 0.13 per cent rise in S&P BSE Sensex.
Mukesh Ambani’s next move could be to add a ‘layer of commerce’ to his Reliance Industries Ltd. (RIL), while looking to monetize the existing investments across different formats, said global investment bank, Bank of Am
The Reliance-Future deal poses challenges for Radhakishan Damani’s Avenue Supermarts or DMart which was so far rapidly increasing its share of India's consumption pie in the absence of a strong competitor.
A majority stake in Netmeds not only makes Reliance among the leading players in the online pharmacy space but also puts it in direct competition with Amazon as the latter had recently forayed into selling prescription drugs